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How to Prepare your Tax Outline in 2017

Asian stocks erased gains as a rally in Tokyo faltered and the yen strengthened ahead of Donald Trump’s address to Congress. Crude remained above $54 a barrel on the final day of trading for the month. Japan’s Topix index almost erased its earlier rally in the final half hour of trading. The index rose as much as 1 percent, following gains in the U.S. that pushed the winning streak for the Dow Jones Industrial Average to 12 sessions, the longest in 30 years. The dollar weakened after a two-day gain.


Fed Bank of Dallas President Robert Kaplan said policy makers should raise interest rates “sooner rather than later” and not pay excessive attention to market expectations. The chance of a rate hike at the central bank’s March 14-15 meeting jumped to 50 percent, federal funds futures showed, from 34 percent just five days ago.


The shift in odds on rates came as the White House began sketching its spending plans. Trump on Monday said he’d spend “big” on infrastructure, while adding that tax details won’t become clear until after the costs of repealing the Affordable Care Act are known. Even as global equities have climbed to record levels, investors have remained wary as they await details of Trump’s economic plans and watch for signals on the timing for higher rates.


What’s coming up this week:
  • In Trump’s address before a joint session of Congress on Tuesday night in the U.S., the president is expected to outline his priorities for the nation.
  • Fed officials are making speeches this week, including Chair Janet Yellen who addresses an event in Chicago on Friday.
  • The Bank of Japan is due to introduce more clarity on its bond-purchase operations by announ-cing the exact dates of its monthly purchases and how much it plans to buy.
  • This week’s economic data include U.S. personal income and spending. India and Australia will report on fourth-quarter GDP. China’s PMI data are expected to show continued expansion.
AUTHOR
DAVID

I help entrepreneurs get ready to seek funding by developing first-class pitch decks, business plans, and financial forecasts.

2 Comments
Victor Rudloff
February 20, 2017 at 11 AM

This week’s economic data include U.S. personal income and spending. India and Australia will report on fourth-quarter GDP.

Victor Rudloff
February 20, 2017 at 11 AM

This week’s economic data include U.S. personal income and spending.India and Australia.

Victor Rudloff
February 20, 2017 at 11 AM

This week’s economic data include U.S. personal income and spending. India and Australia will report on fourth-quarter GDP.

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